Cigna has also seen intensive insider selling during the last 30 days.

Conclusion

There have been three different insiders selling WellPoint, and there have not been any insiders buying WellPoint during the last 30 days. Two of these three insiders decreased their holdings by more than 10%. WellPoint has an insider ownership of 0.20%.

Before entering short WellPoint, I would like to get a bearish confirmation from the Point and Figure chart. The main reason for the proposed short entry is the intensive insider-selling activity.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.